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IFRS in Focus — IASB issues amendments to IAS 12

Published on: Jan 05, 2011

On December 20, 2010, the International Accounting Standards Board (IASB) published Deferred Tax: Recovery of Underlying Assets (Amendments to IAS 12). The amendments provide an exception to the general principle in IAS 12 that the measurement of deferred tax assets and deferred tax liabilities should reflect the tax consequences that would follow from the manner in which the entity expects to recover the carrying amount of an asset.


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